We survey the literature on payout policy, with a particular emphasis on developments in the
past two decades. The cross-sectional empirical evidence for the traditional motivations …

Using a sample of over 9,000 buyback announcements from 31 non-US countries, we find
support for the results of studies based on US data: On average, share repurchases are …

Purpose The purpose of this study is to examine the impacts of the Glasgow Climate Pact on
global oil and gas sector stocks. Further, this study also examines if the nations' Climate …

In this paper, we assess which firm-characteristics are associated with a firm's decision to
announce a share repurchase programme in a cross-country framework. In the models, we …

This study aims to know the impact of buyback share conducted by companies listed on the
Indonesia Stock Exchange (IDX) Period of 2011-2015. The analytical method used to …

We analyze a uniquely constructed data set of open market share repurchases across a
sample of European firms. We find that the announcement date market reaction is lower than …

This study aims to synthesise and analyse the existing literature on share repurchases. It
summarises the key findings and identifies the potential research gaps in the extant …

We analyze how the introduction of repurchases in 1998 affected the payout policy of
German firms. To this end, we estimate Lintner (1956) partial adjustment models for both …

It is generally accepted that investors tend to react favorably to share repurchases. However,
it is actually not uncommon for investors to underreact to some share repurchases. Recently …

Purpose The purpose of this paper is to examine motivations underlying UK repurchase
activity. Specifically, the paper inquires into the relevance of a range of different …